Franklin Covey (NYSE:FC) Trading Up 5.9%

Franklin Covey Co. (NYSE:FC) shares were up 5.9% on Thursday . The stock traded as high as $15.72 and last traded at $15.37, approximately 196,600 shares traded hands during mid-day trading. An increase of 48% from the average daily volume of 133,226 shares. The stock had previously closed at $14.51.

Several research analysts recently weighed in on FC shares. TheStreet lowered Franklin Covey from a “b-” rating to a “c” rating in a research report on Tuesday, December 24th. B. Riley cut their target price on Franklin Covey from $45.00 to $32.00 and set a “buy” rating on the stock in a research report on Monday. Barrington Research reaffirmed a “buy” rating on shares of Franklin Covey in a research report on Wednesday, March 25th. Finally, Zacks Investment Research lowered Franklin Covey from a “hold” rating to a “strong sell” rating in a research report on Friday, January 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $39.75.

The stock has a market capitalization of $214.92 million, a price-to-earnings ratio of -768.50, a P/E/G ratio of 2.66 and a beta of 1.38. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.19 and a current ratio of 1.23. The firm has a fifty day moving average of $25.79 and a 200-day moving average of $32.86.

Franklin Covey (NYSE:FC) last announced its quarterly earnings results on Thursday, January 9th. The business services provider reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.01). The company had revenue of $58.61 million during the quarter, compared to analyst estimates of $57.42 million. Franklin Covey had a negative net margin of 0.09% and a negative return on equity of 0.27%. On average, analysts predict that Franklin Covey Co. will post 0.36 EPS for the current year.

In other news, Director Esther Kay Stepp sold 4,000 shares of the firm’s stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $32.70, for a total transaction of $130,800.00. Following the completion of the sale, the director now directly owns 55,429 shares in the company, valued at $1,812,528.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 33.20% of the stock is owned by company insiders.

Hedge funds have recently modified their holdings of the company. Millennium Management LLC bought a new position in shares of Franklin Covey during the third quarter worth about $2,387,000. Stifel Financial Corp bought a new position in Franklin Covey in the third quarter worth about $283,000. Russell Investments Group Ltd. bought a new position in Franklin Covey in the third quarter worth about $84,000. Tower Research Capital LLC TRC bought a new position in Franklin Covey in the third quarter worth about $31,000. Finally, Marshall Wace LLP bought a new position in Franklin Covey in the fourth quarter worth about $1,642,000. 62.07% of the stock is currently owned by institutional investors and hedge funds.

Franklin Covey Company Profile (NYSE:FC)

Franklin Covey Co provides training and consulting services in the areas of leadership, productivity, strategic execution, trust, sales force performance, customer loyalty, and communication effectiveness skills for organizations and individuals worldwide. The company operates through three segments: Direct Offices, Education Practice, and International Licensees.

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